Mutual Fund Investing

Here’s my Scripbox Review – Automated mutual fund investment tool.

I recently was knocked out of my mind when I received an email that promised to do all the hard work for me and automatically invest my money in mutual funds that will outperform.

The mail came from moneycontrol – A CNBC TV18 reputed portal for investing, which is why I opened it in the first place. However, on closer look it seemed like it was not a service offered by moneycontrol but was one of those paid promotional mailers that they would send to their subscribers.

The company looks interesting and does put up a very strong front face with an established team showcased here : https://scripbox.com/pages/the-scripbox-team/

The convenience of an online mutual fund investment is a welcome move. However, whether the automated mutual fund investment tool can really outperform is completely debatable and thus I would not suggest you to invest in the recommendations made without some research of your own.

If any of our readers has a first hand experience with scripbox, please comment below and let us know your scripbox review.

I can definitely assure you that Scripbox is a legit company. We are registered as a pvt ltd company in India and also with AMFI (Association of Mutual Funds of India). Our ARN number and certificate is made available on our website (in the footer).

It’s also important to note that we just facilitate investments; the money you invest goes directly from your bank account to that of the mutual fund company. At no point of time does Scripbox handle your money directly. Neither do we charge our customers any fees.

Please explain me that if scripbox is not charging any fee from the investors from where is it making its money ? I am an mba student and I very well know that no one runs a business for charity… So I would like to know from where are u generating revenue

Scripbox earns a small commission from the mutual fund company over the life of the investment. The amount of commission earned by Scripbox is available on the Disclosures page of our website. https://scripbox.com/pages/disclosures

Scripbox revenues comes from the commissions the mutual fund houses pay us from their fund management fees. You can see how much commission we make from each fund house here >> https://scripbox.com/pages/disclosures/ As you can see, we do not select funds based on the commission rate.

Could someone suggest which one to choose from the below – as I’m bit confused and more or less both offers similar kind of services. So could you please guide to choose one and what is so special about it?

Indiafunds.com (or) scripbox.in

P.S.: Appreciate if the response is in general/plain english than finance terminology – which I never understand.

While I can’t comment on any other company in particular, how Scripbox differs from most companies out there is that we focus on helping you grow your wealth rather than making you transact.

Scripbox offers a preselected set of funds only instead of offering you all the funds out there. You can read more about why we offer a curated set of funds here >> https://scripbox.com/blog/only-4-funds/

All the investment best-practices are built into Scripbox. You simply have to schedule your investment one time and take action when prompted (for one-click annual review and rebalancing)

Dear sir,
just now i saw your mail id,
Power of saving early in diversified equity Excel sheet calculation, its very intresting to do invest the amout and get more pay after retairement. its good but i have small question..?
1) if am choosen Power of saving early in diversified equity at the age of 25 per year 10,000 for 10 years, as per you after retairement we will get arround 1cr rupees. if i need amount at age of 45 then how much amout can i get..?

I have got a home loan taken in 2009 for a tenure of 25 years with an interest rate of 11.4%. Now iam planning to shift the loan to SBI for a discounted rate of 9.85 % for a tenure of 15yrs.My loan outstanding is 19 lacs. In one of your articles I read a home loan tenure shouldn’t be more than 15 yrs and can be closed in 7 years as well. Pls guide how I have to plan an implement the same.

I am planning to invest around 1,00,000 per year for 20 years. What is the minimum and maximum returns I can expect after 22 years? I know no one can predict the market and that too for so long. Just to get an idea before I invest. Is that we can include our investment in tax benefit ? what we get after maturity is with or without any detection?

I have no way related to scripbox, but after going through your website I am planning to invest in mutual fund through scripbox. Do contact me at rajeshmurugan2@gmail.com.

Hi, I made and inquiry with your one of representatives, and she told me that the equity funds give compounded interest is that true, and also what happens to my investment if the fund performs in the negatives.

Hi, Since I have no idea whatsoever about investments. Can anyone please help me with this? I just came across about Scripbox and thought of investing through it. (Just for starters you see). Is it reliable or should I go for more understanding about this and then decide?

Hello Adarsh, My name is Sumanta Kundu. I recently signed up scripbox. I want to know what is the Bank mandate? and i want to know why here is printed 50,000 INR and selected maximum amount and Period Until cancelled. Please explain me about these points so i can sign it and send it to scripbox office. Help me ASAP.

Hi I would like to know the concept of Power of saving early in diversified equity Excel sheet calculation and the I would be interested in scripbox for financial management along with equity market consultation

Common Guys…. We are not kids and as a Grown up person we should think about the Logic Behind the Share Markets…. To Invest in Share market first we should aware of the entire Process. ” Mutual Fund investments are subject to market risk ” LOL :p

We are seeing these kind advertisements from our Childhood itself….

Yes we need some knowledge, tactics and calculation to become a pro in Share market, however if someone trying to get money in a easier way, then they choose Share Market and its a kind of lazy thing. Investing our fund in share market consider as a Lazy way to earn some money, then think about “Automated Investing” this is really Insane…

Its like Developing a Program to Play our Favourite Computer game in automatic process…

If you want to invest your money in share market, then please learn about the Share market and Invest on your own….

That being said, if you like direct investing in stocks, you should do that. It all depends on what your preferences are, how much time you have at your disposal, whether you are inclined to learn and track investments, etc.

Do not invest in scripbox, It has few bugs. It automatically scheduled an investment for next day. I could not cancel the transaction, since it has already negan at that point. I transferred all the money to another account. Boom. I have ECS denial charge for Rs 1600 at my account. I wish I had not seen the Ad for scripbox. Well about the current position, it is already in loss.

Scripbox cannot schedule an investment for you. If you authorise an investment, Scripbox will execute it for you as per your schedule. As it stands, you need to cancel the investment 3 working days ahead of your schedule. Otherwise, your investment will be in progress and we would have already send the instruction to the bank so that the money gets debited on the scheduled date.

Moving money out of your bank account will result in ECS charges as you have experienced.

Going forward, if you want to cancel an investment, please do it 3 working days before. This will ensure that we do not send the request to your bank.

Hello Adarsh, I’ve a demat account through which I do my investments. The question is why I should I invest through scripbox? If we talk about the user interface or ease of use, there is no second thought. That’s definitely good. If we talk about the recommended Mutual funds through extensive research and best practices, We can still get similar information. Is there something else am not able to see. I would like to understand from customer or investor perspective and see the benefits before I go ahead with scripbox. Can you please highlight them. Thanks.